Goldman Upped To Buy; Target Price Raised

Analysts at Bank of America Merrill Lynch upgraded its rival Goldman Sachs GS to "buy." The investment firm also upped its target price for GS to $182 from $160. The broker said that there is a very low probability of another significant legal issue arising from the mortgage debacle. "Specifically, we believe that the settlement of this case significantly reduces the probability of any criminal charges by the Department of Justice," Bank of America Merrill Lynch added. GS is trading at $151.90, up 4.60%, in pre-market. Read more from Benzinga's Company news.